Conversion Offer & Prelims
28 July 2004 - 5:01PM
UK Regulatory
RNS Number:2906B
Ashcourt Holdings PLC
28 July 2004
Conversion Offer and Preliminary Results Update
Further to the Company's recent introduction to AIM, the following update
announcements concerning the release of the preliminary results and the
Conversion Offer are set out below.
Conversion Offer
Pursuant to the conversion offer described in the prospectus for the Company's
introduction to AIM, holders of #258,872 of #1 Loan Stock and #259,362 of #1 AAM
Loan Stock have elected to convert their holdings of loan stock into 258,872 and
259,362 Ordinary Shares respectively. Following this conversion #37,806 of #1
Loan Stock and #43,379 of #1 AAM Loan Stock remain outstanding. Application has
been made for the 518,234 ordinary shares to be admitted to AIM and dealings in
these shares are expected to commence on 2 August 2004.
The Board were delighted at the high percentage of loan stock holders that
elected to convert their holdings into ordinary shares and the faith in the
Company's management that they feel this demonstrates.
Following the closure of the offer, the director's shareholdings are now as
follows:
Number of Ordinary Percentage of the issued
Shares share capital
C. J. G. Brown 112,543 1.94%
G. G. Dearing 174,443 3.01%
A. J. Morton 551,438 9.50%
S. C. K. Oxley 81,769 1.41%
D. W. Russell 95,588 1.65%
L. J. Felstead 4,640 0.08%
T. Thornton Jones 30,274 0.52%
Notes:
1. Mr Dearing is interested in 11,432 ordinary shares which are beneficially
owned by Mrs Dearing.
2. Mr Morton is interested in 1,000 ordinary shares beneficially owned by his
children and in 25,000 ordinary shares held by trusts of which he is a
beneficiary and of which his children are also beneficiaries. Mr Morton is
also interested in 30,660 ordinary shares which are beneficially owned by Mrs
Morton.
3. Mr Russell is interested in 9,181 ordinary shares which are beneficially
owned by Mrs Russell.
Preliminary Results
The Company originally intended to release its preliminary results for the year
ended 30 April 2004 on Wednesday 28 July. Due to an administrative delay this
announcement is now expected to be made on 30 July 2004.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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